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THV system, final edition

  • #3,701
  • Jan 30, 2009 7:55am Jan 30, 2009 7:55am
Quoting TradeWell
I sold in real time. I usually wouldn't do a pending order in this case because it may not bounce. Normally, you wait for the closing candle to agree with the direction of the trade, after the bounce (in this case M5), but I entered before the M5 bear candle closed. The momentum was down, and I'm sure a M1 candle or two closed bear, though I did not have an M1 chart open. Since pivots are more areas than definite lines in the sand, I felt this was close enough (within 3-4 pips) and didn't need to touch S2. SL was right on S2 after entry, and I moved...
Thank you. Easy to understand. Good pipping!
Up or down, gimme a ticket
  • #3,702
  • Jan 30, 2009 7:59am Jan 30, 2009 7:59am
Remember our conversation on supportive charts yesterday on fibs and S/R.
I also posted at close of NY session yesterday, and it is amazing how price will do what it do!
2 more charts with purple boxes of reference.
What do you think brother?
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  • #3,703
  • Jan 30, 2009 8:03am Jan 30, 2009 8:03am
Sorry to ask a MT4 questions in here..., but I wanted to know how to draw trendlines that do not extend indefinitely across the chart.

Is there a way to draw a diagonal trend line with a variable lenght?
Deprive a man of everything and you give him nothing to lose.
  • #3,704
  • Jan 30, 2009 8:05am Jan 30, 2009 8:05am
Quoting cashmeer
Sorry to ask a MT4 questions in here..., but I wanted to know how to draw trendlines that do not extend indefinitely across the chart.

Is there a way to draw a diagonal trend line with a variable length?
in trendline properties click off the "ray" checkmark.
Pip what you see; See what you pip!
  • #3,705
  • Jan 30, 2009 8:05am Jan 30, 2009 8:05am
Quoting cashmeer
Sorry to ask a MT4 questions in here..., but I wanted to know how to draw trendlines that do not extend indefinitely across the chart.

Is there a way to draw a diagonal trend line with a variable lenght?

Uncheck the "ray" box under the "parameters" tab in the settings window
  • #3,706
  • Jan 30, 2009 8:07am Jan 30, 2009 8:07am
Quoting cashmeer
Sorry to ask a MT4 questions in here..., but I wanted to know how to draw trendlines that do not extend indefinitely across the chart.

Is there a way to draw a diagonal trend line with a variable lenght?
click on the trendline to open the properties window, look for Ray , unclick = no ray
  • #3,707
  • Jan 30, 2009 8:12am Jan 30, 2009 8:12am
Quoting Gofer Pips
Remember our conversation on supportive charts yesterday on fibs and S/R.
I also posted at close of NY session yesterday, and it is amazing how price will do what it do!
2 more charts with purple boxes of reference.
What do you think brother?
I think it is possible that the 50% extension fib may be a strong support that could lead to a retracement soon. I am also seeing divergence on the v2.1 M30, but need 1/2 to 1 hour to confirm. Also will be watching the top of the channel I posted earlier. What do you think of retracement level possibilities (while only trading what you see on THV, of course)?
  • #3,708
  • Jan 30, 2009 8:14am Jan 30, 2009 8:14am
Lol, now I learned about ray 3 times over. We have good MT4 support here.
  • #3,709
  • Jan 30, 2009 8:16am Jan 30, 2009 8:16am
HELLO! This trade was a fine good morning with the first cup of joe!

Set-up is on the 5m after previous S/R level of .2860 was retested
Great entry confirmation on the 1m chart at.2863.
Watched the 1m for a 5minute period, then switched to 5m chart and let the sucker run!
Exit based on oversold area of trix on 5m and color change.

Cobra will let loose the THV2.1 very soon, traders trade this demo to get your land legs, and then start banking real pips!

Careful on Freaky Friday THVers!
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  • #3,710
  • Jan 30, 2009 8:16am Jan 30, 2009 8:16am
Quoting TradeWell
Lol, now I learned about ray 3 times over. We have good MT4 support here.
I never knew about ray, and I like to absorb things. I got it!
Up or down, gimme a ticket
  • #3,711
  • Jan 30, 2009 8:25am Jan 30, 2009 8:25am
Quoting TradeWell
I think it is possible that the 50% extension fib may be a strong support that could lead to a retracement soon. I am also seeing divergence on the v2.1 M30, but need 1/2 to 1 hour to confirm. Also will be watching the top of the channel I posted earlier. What do you think of retracement level possibilities (while only trading what you see on THV, of course)?
Well retrace of this complete down move will place a 50% retrace to .2990, which is quarter1S1 pivot, but not far away is the daily pivot at .3010.
So I see as my intraday pivot .2990- area of bull/bear battle, and we may see spike to .3010, and come back down, or continue on!

But guess what I have my ATM(automated teller machine)= THV2.1 to decide the trading positions. I just keep these numbers of analysis in my head and wait for the set-up on the THV!

Hope this is what you wanted!
  • #3,712
  • Jan 30, 2009 8:30am Jan 30, 2009 8:30am
Quoting Gofer Pips
Well retrace of this complete down move will place a 50% retrace to .2990, which is quarter1S1 pivot, but not far away is the daily pivot at .3010.
So I see as my intraday pivot .2990- area of bull/bear battle, and we may see spike to .3010, and come back down, or continue on!

But guess what I have my ATM(automated teller machine)= THV2.1 to decide the trading positions. I just keep these numbers of analysis in my head and wait for the set-up on the THV!

Hope this is what you wanted!
I was thinking roughly the same.

BTW, it looks like retracement is underway.
  • #3,713
  • Edited 8:46am Jan 30, 2009 8:36am | Edited 8:46am
Nice pinbar forming on H4.
Will probably retest the broken downchannel though (and support), around 1.2860-70.
Fibs retracements:
38.2% at 1.2863
50% at 1.2851
61.8% at 1.2839 (just below S2)
Sitting now at MS2...
  • #3,714
  • Jan 30, 2009 8:42am Jan 30, 2009 8:42am
Quoting doblece
Nice pinbar forming on H4.
Will probably retest the broken downchannel though (and support), around 1.2860-70.
That would be a nice confirmation. PA was repelled from the most recent 50% fib so it seems to be behaving.
  • #3,715
  • Jan 30, 2009 8:56am Jan 30, 2009 8:56am
Hey guys, I still check back on our wise friends at EUR/USD, but my compliments to the whole THV thread. We're almost self-sufficient!

BTW, in trend moves, watch how Coral serves as support or resistance in pullbacks. It worked on that 2860ish area to which Doblece was referring. I used it a couple of times today.

Edit: Not doing it this time. Before T3 would next on Coral, and then Trix would go below Oversold and we'd head back up.
Up or down, gimme a ticket
  • #3,716
  • Jan 30, 2009 8:58am Jan 30, 2009 8:58am
Please, Anyone, Post the Calendar Indicator FF for MT4? That indicator that use Cobra for the news.

Thanks,
What does not kill me makes me stronger. Friedrich Nietzsche,
  • #3,717
  • Jan 30, 2009 9:06am Jan 30, 2009 9:06am
Quoting ikki
Please, Anyone, Post the Calendar Indicator FF for MT4? That indicator that use Cobra for the news.

Thanks,
Check in the "attachments" (the paper clip at the right above posts).
Hide the attached images, it's the third one (FF Cal).
  • #3,718
  • Jan 30, 2009 9:10am Jan 30, 2009 9:10am
Quoting SpecialEd
Edit: Not doing it this time. Before T3 would next on Coral, and then Trix would go below Oversold and we'd head back up.
Also check trendlines. It went all the way and bounced from it. There are horizontal sup/res (fibs - pivots - previous S/R price levels - psych levels), diagonal ones (trendlines) and moving ones (Coral, MAs, etc...)
  • #3,719
  • Jan 30, 2009 9:15am Jan 30, 2009 9:15am
Don't know if it is good enough or not. I don't use it either. But maybe can help you.

Attached File(s)
File Type: mq4 ffcal rev16.mq4   46 KB | 684 downloads


Quoting ikki
Please, Anyone, Post the Calendar Indicator FF for MT4? That indicator that use Cobra for the news.

Thanks,
Got 50 pips today @1.2878 - 1.2828. Though it is a positive pips, I caught a falling knife. A little bit patience will be safer I think. I lost the last upwards since I fall asleep

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Manage your risk accordingly and you're half done your home work.
  • #3,720
  • Jan 30, 2009 10:15am Jan 30, 2009 10:15am
I would love to see this last 4H candle closed to be able to trade a higher TF, unfortunately it just opened some minutes ago.
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